View Single Post
Old 09-15-2008, 10:38 PM   #4
Zynox
Avalon Senior Member
 
Join Date: Sep 2008
Location: Ann Arbor, Michigan
Posts: 243
Default Re: Would it make sense to avoid using a bank?

Practical Economic and Banking Considerations

General philosophy for this post:

If you disagree with the agenda and intent of financial institutions, the source of funding for corporations, governments and associated military enforcers, then you have your individual power to limit your participation and culpability. Currently, the system is structured that an employer issues the individual credits, which generally get transfered to a fiscal institution. The fiscal institution is then authorized to loan or extend these credits to borrowers at a leveraged amount of approximately 900% or 9 to 1. The borrow repays the loan, which was vaporware credits to begin with, and for awhile, all seems well in delusion land. Eventually, every faux / fiat / paper currency known in avaialble history has failed, and we are front row center to further failures - NOW.

There are general rules that are followed within the structured game, which I believe, are mostly in place to keep lower echelon participants in the game from behaving anarchically, like their masters do. In other words, the game has rules to keep the enforcers of the game in line, as it wouldn't be profitable to the controllers to have their enforces get any ideas about climbing to the top of the pyramid. The rules get rewritten or suspended dynamically, as found convenient - this is happening right now, and since August 2007, related to the meltdown (whether the meltdown is being orchestrated or they have lost control, I am open on this point).

Practical Points for Sovereign Individuals

  • Retain balances in checking accounts only, with enough to fund immediate payment of bills. This would be from 2 to 6 weeks worth of expenses, subject to the desire of the individual. By using only a checking account, the fiscal institution is usually unable to leverage the 900% rule, as they are generally defined as demand accounts. This is why fiscal institutions lead people towards savings accounts and CD accounts.
  • Convert all remaining funds / wealth into whatever mechanism or vehicle you believe will be of worth in the future. This might be gold, silver, cash, alcohol, cigarettes, chocolate, ammunition, land, food, materials, tools, art, etc. I am not supporting any of these particular items beyond gold, silver and a limited amount of physical cash currency. I do not support armed conflict in any fashion but respect every individual's sovereign right to choose any path.
  • Where possible, based on employment, savings and opportunity, retain physical possession of enough resource (gold / silver / cash or the other items) to ensure flexibility and mobility. In times of change, appreciable peace of mind may be found in having options, such as paying a neighbor to drive you out of a major city (insane asylum) or to exchange some of your alcohol for some of their food. No one will be much interested in taking a check or credit card when systems seize up.
  • Finally, it seems that few understand that nearly any stock, bond, treasury, 401k, title to a home, title to property or other paper based certificate of ownership has NO genuine assured value, AT ALL. I believe the 401k programs were promoted to absorb the 'excess' worker's and middle level investor's wealth and provide the mentioned leveraging by fiscal institutions. It wasn't in the controller's interests to allow any savvy investors to physically extract any of the gains realized from jackpot plays in tech stock or real estate bubbles. Thus, due to the tax penalties for removing money (credits) from the accounts, few folks extracted any wealth (but many 'borrowed' against it). Few also seem to be aware that (this is FACT) banks have been opening folks safe deposit boxes, most 401k plans have limitations on withdraw now (some require three years for 100% extraction) and the delay to remove funds from 401k plans are frequently 4, 6, 8 or more weeks.

Namaste!

Last edited by Zynox; 09-15-2008 at 10:43 PM.
Zynox is offline   Reply With Quote